Black Firms were the largest group of minority firms in Minnesota. There were 12,454 Black firms in Minnesota in2007. The number of Black firms grew by 59 percent between 2002 and 2007 (compared to 12 percent for all firms in Minnesota) according to preliminary estimates from the Survey of Business Owners. These firms had receipts close to a billion dollars and employed almost 5000 people in Minnesota.
Nationally there are almost 2 million Black firms in the United States with an estimated $137 billion in sales.
The Survey of Business Owners is expected present a complete report of Black firms in Minnesota next week.